High Net Worth Divorce Lawyers in Los Angeles

Providing You with Professional & Personalized Representation

A high net worth divorce is considered to be very similar to a regular
divorce. What differentiates this type of divorce is that there are greater assets
at risk, meaning that there may be more litigation and more battles, which
can hold up the divorce proceedings.

Some of the most common assets include:

Ownership rights to a business

Multiple pieces of real estate

Shared investment accounts

High valued assets

The financial assets in a high net worth divorce are typically more complex
than a standard divorce because of the finances at stake. The ability
to hire more experienced and talented divorce attorneys can also further
delay the finalizing of a divorce.

Possible Financial Issues with a High Net Worth Divorce

High net worth divorces bring about a number of what are often unique issues.
For example, if both parties are involved in running a family business,
each side will have to have their separate interests properly valuated.
This means that the business will need to be valuated, the assets will
need to be examined, and the proportional value of each spouse’s
contribution will need to be assessed.

Other issues that often come with a high net worth divorce include:

Jointly shared assets (such as pensions, stock options, and IRAs)

Non-family partnerships

Real estate holdings

Trusts

Same-sex couples who are facing a high net worth divorce must be particularly
careful with how they choose to proceed. Since many same-sex couples have
spent a significant amount of time not married due to California laws,
substantial assets and debts may have been accrued prior to being officially
married. In these situations, it is crucial that both parties seek professional
legal guidance.

Common Mistakes Made in a High Net Worth Divorce

The financial stakes are substantially higher in a high net worth divorce.
The proceedings almost always take longer and they may also be high profile.
This magnifies the importance of having proper legal representation and
behaving lawfully.

Some of the most common mistakes made in a high net worth divorce include:

This will reflect on a spouse poorly and may be taken into consideration
by the courts

Failing to hire a financial advisor

If you do not already have a financial advisor, a skilled family law attorney
may be able to help direct you to a trustworthy individual who will help
you prepare your finances for the divorce process

Leaving the matrimonial home after separation

This can have an impact on your ability to gain custody of your children
and you may not be allowed to return to your home. Instead, you should
insist that the home be put up for sale or ask your spouse to buy you
out of your share of the property

Failing to collect and retain financial records

Now is the time for you to become familiar with all marital expenses and
where the money is being spent by your spouse and yourself

Refusing mediation

Many – if not every – family law matters can be resolved before
going to trial

It is both cost-effective and faster than going through a divorce

Not hiring a family law attorney who is experienced in high net worth divorces

There are attorneys who specialize in “family law,” and then
there are those who are trained in family law and who specifically handle
high net worth divorces

Make sure that the attorney you choose is right both professional and personally

Failing to take your attorney’s advice

You must trust that your attorney has your best interests at heart and
that his or her recommendations should be followed

If you have any concerns about his or her advice, do not be afraid to ask questions

What a High Net Worth Divorce Attorney Can Handle

An attorney who focuses on high net worth divorces will be able to assist
couples and handle the division of a variety of complex assets.

These types of assets often include:

Inheritance

Investments

Family businesses

Offshore accounts

Shared businesses and partnerships

Qualified Domestic Relations Orders

Property acquired prior to your marriage

Separate and jointly owned property holdings

The greater and more complex the holdings of a family, the more challenges
you may face and the greater the opportunity there is to become embroiled
in a dispute with your spouse. A Los Angeles high net worth divorce lawyer
understands that careful accounting and preparation are key to reducing
the length of a divorce. A
reputable family law attorney understands this and will work towards ensuring that your divorce is finalized
as fairly as possible so that both parties may peacefully move on with
their lives.

Call (310) 929-6411 for a Free Consultation

Lavinsky Law provides well-informed advice and defends the rights of individuals who
are facing a high net worth divorce in the Los Angeles area. We have experience
in preparing and researching everything necessary to appropriately examine
your divorce and provide the court with a detailed account of your assets.

Our team works closely with financial experts to locate and appraise all
assets and debts that may be divided in the event of a divorce. To speak
with one of our knowledgeable high net worth divorce attorneys in Los Angeles,
we welcome you to contact us today at (310) 929-6411 for a free consultation.

The information on this website is for general information purposes only.
Nothing on this site should be taken as legal advice for any individual
case or situation. This information is not intended to create, and receipt
or viewing does not constitute, an attorney-client relationship.